Questions by ypadberg - Page 7
The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T-accountsa. Serena Hamilton, an owner, made an additional investment of $42,000 in cash.b. A firm purchased equipment for $20,000 in cash. c. A firm sold some surplus office furniture for $3,400 in cash. d. A firm purchased a computer for $3,700, to be paid in 60 days. e. A firm purchased office equipment for $22,400 on credit. f. The amount is due in 60 days. James Taylor, owner of Taylor Travel Agency, withdrew $12,000 of his original cash investment. g. A firm bought a delivery truck for $38,500 on credit; payment is due in 90 days. h. A firm issued a check for $7,200 to a supplier in partial payment of an open account balance